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Turn your retail business ideas into reality
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Here’s How It Works
Start your own Business in India. Become a Retail Entrepreneur with Zolvit!
1
Submit all company registration documents
2
We handle the entire filing and registration process for you
3
All formalities will be completed with our help.
Excellent service and support. Vakil Search Team is very supportive and professional. I Really appreciate the service and support from the team.
Rachna Pathania
Founder & CEO of SchnellTek Software Pvt. Ltd.
Vakilsearch has been our legal service provider for quite a long time! Our experience with them has been great, especially the speed and proficiency with which they deliver their services. We recommend them!
Satya Vasireddy & Sravani Vasireddy
Founders of Lovely Chocos
Vakilsearch is exactly what it does. Legal is simple. We went to Vakilsearch to register our Trademark during the lockdown and everything was done online with ease. We never even had to step out of the house. It was truly a digital experience.
Adarsh Agarwal
CEO & Developer of Golghar.com
Here’s What You’ll Need
Zolvit is a platform for aspiring entrepreneurs to start their own retail businesses.
Identification card (PAN, Aadhaar)
Certificate of incorporation
Business license
Business plan
Insurance policy
Poultry farm business permit
Tax ID.
Why Should I Use Zolvit to Start a Retail business?
New Company
We Register a New Company Every 9 Minutes
50,000+
Businesses Served by Zolvit
Financial Services
All Financial Services in One Place
Quick & Affordable
Satisfaction
100% satisfaction guaranteed
Are you ready to start your own retail business? Find out more at Zolvit
Did you know?
Globally, India is the fifth largest and most preferred retail destination. Retail store availability per capita in the country is among the highest in the world.
To accelerate store expansion and e-commerce, Reliance will invest ₹30,000 crore in retail in FY22.
FAQ's
How does the retail industry work?
What is the merchandise?
What is a five-finger employee discount?
How do I start a retail business?
Is Retail Business Profitable?
What licenses are needed to start a retail business in India?
Overview of Retail Business
Almost 23% of India's GDP comes from the wholesale and retail industry, which purchases finished goods from manufacturers and sells them to retail customers. Between March and April 2020, the Indian retail sector received UDS 2.12 billion in Foreign Direct Investment (FDI) from the Department of Promotion of Industry and Internal Trade (DPIIT). The Indian retail market has undergone significant transformation over the past ten years, according to the 'India-The Top Retail Destination' report published by Invest India, a National Investment Promotion and Facilitation Agency. Thus, the overall retail market is expected to exceed USD 1.75 trillion by the end of 2026 from USD 795 billion in 2017.
Benefits of Retail Business
No doubt, starting a retail business in India can benefit business owners due to the enormous market share and size of the Indian retail sector. The advantages of starting a retail business in India include:
Direct Connection With Customers
Expansion of Customer Base
Variety of Products
Reduced Input Cost
Speedy Growth
Manufacturing Own Goods
Retailers Affect Industry Competition
Checklist
- GST registration
- Shop and establishment Act license
Process to Start a Retail Business
Step 1: Incorporate as Private Limited Company
As retail business services have a higher annual turnover than service-based businesses, it is recommended that you incorporate as a Private Limited Company.
Step 2: Market Research
Research the market thoroughly before starting a retail business in your area to determine which retail business ideas have the best chance of success.
Step 3: Register Your Business
As soon as you have chosen an appropriate retail business idea, you should register your retail business with Zolvit as a legal business entity.
Step 4: Easier Growth
Growth and scale-up will be much easier with an Ltd Company.
Step 5: Better Credit Facilities
Besides improved scalability and transferability, credit facilities are also easier to obtain for Private Limited companies.
Step 6: Register With Tax Authorities
Ensure you register your retail business service with the appropriate tax authority once incorporated.
Step 7: Apply for GST Registration
You will need a GST registration if your retail business involves buying and selling goods.
Step 8: Obtain Shop and Establishment License
Also, you will need a Shop and Establishment Act License from their respective state governments.
Step 9: Build a Website
By building a website and taking your retail business online. Completing all the above allows you to run your retail business successfully with no glitches.
Why Choose Zolvit?
Zolvit has experienced attorneys and associates who will assist you with the registration process and the management and financial aspects of your business. In addition, we have a chartered accountant and a company secretary on staff. You will receive a complete package from us. With Zolvit, you will have a hassle-free experience and be guided every step of the way.